The home that you are inquiring about does appear to be "properly" priced or in-line with other activity in the area. The home has been on the market since 3/27 and was price reduced $10,000 in May and $10,000 in July. There was a sale for a smaller model at $750,000 and there is a short sale listing at 919,000 that is "in escrow" subject the the lender accepting the price of the contract - which is less than what the homeowner owes.
I think that if you have not seen the home, you should before you set your mind about what the price should be. If you would like, I would of course be happy to make the arrangement. There are fewer buyers for homes in the price range and that affects the time on market but there are also home that have great condition, location and are priced appropriately that sell within day. Homes that are a good value in other words are selling quickly - primarliy to people who have been watching and waiting for the right home for them.
I know that the listing agent does a good job of marketing homes so, it is not for lack or marketing that the home is still available. Home inventory in the area is still low and interest rates are so good. So, if this home hasnt sold it is because of price, location or condiiton.
Please contact me if I can assist you further.